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Business strategy
How to enhance risk management in business.
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[QUOTE="Leah Kelvin, post: 343945, member: 106815"] Enhancing business risk management encompasses the establishment of a holistic framework, continuous identification and assessment of risks, development of effective policies and procedures, integration of risk management into decision-making process, and inculcating a risk-informed culture across the entire firm. Develop strategies to reduce identified risks such as avoidance; decrease; transfer or retain. Continuously track risks, performance and controls through KRIs and metrics. Engage stakeholders for insight and collaboration. Integrating risk management into organizational culture improves long-term success. [/QUOTE]
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